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Sugrue specialised in covering the insurance and reinsurance sectors
Executive is moving to more senior role
Crédit Agricole reorganises loans business amid busy hires and promotions in industry
‘New kid on the block’ disrupts established order with lead role on Schroders takeover
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Crédit Agricole has put in place what it reckons is the last piece of its strategy to become a leading covered bond and SSA bank, with the hire of Nicolas Poli as global head of SSA and covered bond trading from Bank of America Merrill Lynch.
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If there is one consensus view amid the uncertainty surrounding the banking sector, it is that the sector’s business model must change. A less risky model, less balance sheet at work, more focus on intermediation: this is the typical prescription issued by the analysts, regulators and lobby groups that are seeking to minister to an ailing industry.
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BNP Paribas and Natixis took the headline awards at the EuroWeek and The Cover Covered Bond Awards 2011, which were presented at our fifth annual dinner at the Casa Llotja de Mar in Barcelona last Thursday (September 15).
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Royal Bank of Scotland has hired David Leeming as a senior director in fixed income structured finance, working on liability management transactions.
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Rutger Schellens is joining ABN Amro from Rabobank. He will become head of financial institutions and real estate within the Dutch bank’s large corporates and merchant banking division — effectively the ABN Amro investment bank.